eXp Realty, LLC
Keyli Flores , eXp Realty, LLCPhone: (786) 281-0749
Email: [email protected]

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listing
1 of 6
CommercialFor Sale
$5,900,000
375 NE 54th St
Miami, FL 33137
MLS: A-Miami Association of REALTORS
Est. Mortgage
$30,555/mo

The property consists of two buildings - a two story shopping center and a one story food market. The shopping center has 9 units between 650-850 square feet, allowing for optimal per foot rental numbers. The food market is renovated and equipped with a hood, grease trap and walk in cooler. The property has below market leases. A number of the leases are expired with a few more expiration dates on the horizon and demolition/renovation clauses in every lease. This offers significant upside for a buyer. The property, zoned T6-8-O, is an ideal buy and hold for someone looking to raise rents and cash in on the appreciation of the area before developing. A buyer can also elect to tear down the buildings and develop in the more immediate future.

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